LIFESTYLE OUTLETS REPORTS ANOTHER YEAR OF GROWTH AND STORE OPENINGS DESPITE HIGH STREET DECLINE
Lifestyle Outlets, part of Peel L&P has reported another year of strong results, with growing footfall and sales figures bucking the national retail trend across its two operational centres in Manchester and Gloucester, despite market uncertainty surrounding Brexit and a late General Election.
Lifestyle Outlets figures at the end of the 2019 calendar year revealed a 5.7% year-on-year (YOY) increase, boosted by a successful Christmas trading period. Both outlets announced a number of new tenant signings throughout the year, with Lowry Outlet unveiling a first-of-its-kind partnership with ITV and Gloucester Quays significantly expanding its retail offering with brands opening their doors in the mall in 2019 including Barbour, H&M, Five Guys, Hotel Chocolat and Radley.
Footfall figures continued to show increase with the Christmas trading period representing a significant increase YOY of 8.4% against the same Christmas trading period in 2018.
In 2019, Gloucester Quays celebrated a decade since opening and the seventh year of double digit sales growth, with over 7m people enjoying the Lifestyle Outlets model of assured retail, exciting leisure and unrivalled entertainment.
Lifestyle Outlets placemaking strategy continues to deliver award winning events with The Victorian Christmas Market at Gloucester Quays drawing over 530,000 visitors in 11 days, an increase of 8.5%.
Jason Pullen, Managing Director at Lifestyle Outlets said:
“Year after year we’re seeing growing figures and increasing visitors, which is testament to our vision and belief that people come first and make places great. This ensures that we offer great destinations that are more than traditional retail experiences”